Super Group (SGHC) (SGHC) Research & Development (2021 - 2026)
Super Group (SGHC) (SGHC) posted quarterly Research & Development of -$422.0 million for Q1 2026, down 14.99% year-over-year from -$496.4 million in Q1 2025, and down 13.75% quarter-over-quarter from -$371.0 million in Q3 2025.
Super Group (SGHC) (SGHC) Research & Development (2021 - 2026) Analysis & Trends
Super Group (SGHC) (SGHC) has reported Research & Development for 6 consecutive years, with -$422.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 14.99% year-over-year to -$422.0 million; the TTM figure through Mar 2026 stood at -$1.9 billion (down 13.87% YoY), while the FY2021 annual figure was -$1.1 billion, down 51.66% from the prior year.
- Research & Development slipped to -$422.0 million in Q1 2026 per SGHC's latest filing, from -$371.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$228.8 million in Q3 2022 and bottomed at -$777.0 million in Q2 2025.
- Historically, Research & Development has averaged -$377.2 million across 5 years, with a median of -$330.0 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development soared 70.28% — and 2024, when it slumped 115.9%.
- Super Group (SGHC)'s Research & Development stood at -$228.8 million in 2022, then decreased by 28.86% to -$294.8 million in 2023, then retreated by 19.39% to -$352.0 million in 2024, then fell by 5.4% to -$371.0 million in 2025, then slipped by 13.75% to -$422.0 million in 2026.
- Business Quant data shows SGHC's Research & Development at -$422.0 million in Q1 2026, -$371.0 million in Q3 2025, and -$777.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 1.01 Bn |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 322.54 Mn |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | -422.00 Mn |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | - |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | - |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 14.00 Mn |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | - |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | - |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | -16.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -422.00 Mn |
| Sep 30, 2025 | -371.00 Mn |
| Jun 30, 2025 | -777.00 Mn |
| Mar 31, 2025 | -367.00 Mn |
| Sep 30, 2024 | -352.00 Mn |
| Jun 30, 2024 | -652.00 Mn |
| Mar 31, 2024 | -330.00 Mn |
| Sep 30, 2023 | -294.83 Mn |
| Jun 30, 2023 | -301.99 Mn |
| Mar 31, 2023 | -295.93 Mn |
| Sep 30, 2022 | -228.80 Mn |
| Jun 30, 2022 | -240.83 Mn |
| Mar 31, 2022 | -270.17 Mn |
| Sep 30, 2021 | -769.91 Mn |
| Jun 30, 2021 | -540.30 Mn |
| Mar 31, 2021 | -258.68 Mn |